FL CAM EXAM DETAILED CORRECT
ANSWERS WITH RATIONALES
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1. Which of the following statements accurately describes the
prelicensure education requirements for obtaining a Community
Association Manager (CAM) license in Florida?
A. An applicant must complete a minimum of 30 hours of
prelicensure education within 2 years prior to application.
B. An applicant must complete a minimum of 24 hours of
prelicensure education within 1 year prior to application.
C. An applicant must complete a minimum of 16 hours of
prelicensure education from an approved provider
before taking the state examination.
D. An applicant must complete a minimum of 20 hours of
prelicensure education, which can be completed concurrently with
the state exam.
Correct Answer: C. Rationale: Florida Statutes and the
Department of Business and Professional Regulation (DBPR)
require candidates to complete 16 hours of approved prelicensure
education before sitting for the CAM exam.
2. A community association manager is reviewing the licensing
exceptions under Florida law. Which individual is legally required
to hold an active Florida CAM license?
A. A person who performs clerical, ministerial, or administrative
duties under the direct supervision of a licensed manager.
B. A person who manages a single homeowner association
containing 40 parcels with an annual budget of $80,000.
C. A person who manages a residential condominium
consisting of 75 units and receives remuneration for
handling association funds.
D. A board member who manages their own multi-family
community association entirely on a volunteer basis without
compensation.
Correct Answer: C. Rationale: A CAM license is required
for any person who receives compensation for managing an
, association that contains more than 10 units or has an annual
budget in excess of $100,000.
3. Under Florida law, the Regulatory Council of Community
Association Managers holds specific statutory authority. What is a
primary function delegated to this council?
A. Adopting administrative rules regarding license fees,
continuing education requirements, and professional
practice standards.
B. Investigating and prosecuting felony criminal violations
committed by community association board directors.
C. Directly issuing or denying real estate sales associate and broker
licenses across the state of Florida.
D. Setting the exact annual tax rates for commercial property
structures managed within homeowners associations.
Correct Answer: A. Rationale: The Regulatory Council of
Community Association Managers under the DBPR has
rulemaking authority over CAM professional practices, licensing
fees, and continuing education criteria.
4. A community association manager is preparing to renew their
license. What are the continuing education (CE) requirements that
must be completed during each biennial renewal period?
A. 16 hours of continuing education, including 4 hours of insurance
courses and 12 hours of general business electives.
B. 15 hours of continuing education, including specified
hours in legal updates, insurance, financial management,
and ethics.
C. 20 hours of continuing education, focused exclusively on human
resources, labor laws, and advanced property maintenance.
D. 10 hours of continuing education, which must be completed
entirely through in-person classroom seminars.
Correct Answer: B. Rationale: Florida administrative
rules dictate that CAMs must complete 15 hours of approved
continuing education courses within each two-year renewal cycle
to maintain an active license.
5. What is the statutory deadline for a licensed Florida community
association manager to report a change of their physical address to
the DBPR?
A. Within 30 days after the change of name or business
, address occurs.
B. Within 10 business days after moving to a new residential or
business location.
C. At the time of the biennial license renewal application process
only.
D. Within 60 days following the signing of a new lease agreement
or property deed.
Correct Answer: A. Rationale: Florida administrative
regulations require licensees to notify the DBPR in writing within
30 days of any change to their mailing or physical business
address.
6. In a Florida condominium association, which body holds the
primary legal authority to adopt the annual operating budget
under standard circumstances?
A. A majority vote of the entire membership present at a special
association meeting.
B. The board of administration at a properly noticed
meeting open to all unit owners.
C. The executive committee of the developer prior to transition of
control.
D. The designated community association manager acting as the
chief financial officer.
Correct Answer: B. Rationale: In Florida condominiums,
the board of administration is generally empowered by statute
and corporate documents to adopt the annual budget at a specific,
open meeting.
7. A condominium association must provide proper notice to its
members prior to a board meeting where the annual budget will be
considered. What is the minimum notice requirement under
Chapter 718, Florida Statutes?
A. 48 hours notice posted conspicuously on the property and
mailed to each owner.
B. 7 days notice posted on the property and broadcast on the
association television channel.
C. 14 days notice posted conspicuously on the property
and mailed, delivered, or electronically transmitted to
each unit owner.
D. 30 days notice published in a newspaper of general circulation
within the county.
, Correct Answer: C. Rationale: Florida Statute 718.112
requires a 14-day written notice to unit owners and conspicuous
posting on the property for any meeting where an annual budget
or assessment will be considered.
8. Which financial record is considered an official record of a Florida
homeowners association and must be maintained for at least 7
years?
A. Internal unposted handwritten sticky notes created by the
management staff.
B. A copy of all receipts and expenditures, along with a
monthly financial statement for the association.
C. The personal tax returns of individual unit owners who do not
serve on the board.
D. Informal cost estimates provided by contractors who did not
win the bidding process.
Correct Answer: B. Rationale: Florida Statutes require
community associations to maintain detailed, serialized financial
records, including receipts and expenditures, for a minimum of 7
years.
9. A member of a Florida condominium association submits a written
request to inspect the official records of the association via certified
mail. Within how many business days must the association make
the records available to avoid statutory damages?
A. Within 5 business days from the receipt of the certified letter.
B. Within 10 business days from the receipt of the written
request.
C. Within 14 calendar days from the postmark date on the
envelope.
D. Within 30 business days following the next scheduled board
meeting.
Correct Answer: B. Rationale: Under Chapter 718, failure
to provide access to official records within 10 business days
creates a rebuttable presumption that the association willfully
failed to comply, exposing it to statutory damages.
10. A community association manager notes that the association
needs to raise funds for an unbudgeted, urgent roof repair. What
type of financial mechanism should the board implement?
A. Increase the interest rate charged on standard past-due fines.
ANSWERS WITH RATIONALES
GRADE A+ INSTANT DOWNLOAD -
100% PASS GUARANTEE
1. Which of the following statements accurately describes the
prelicensure education requirements for obtaining a Community
Association Manager (CAM) license in Florida?
A. An applicant must complete a minimum of 30 hours of
prelicensure education within 2 years prior to application.
B. An applicant must complete a minimum of 24 hours of
prelicensure education within 1 year prior to application.
C. An applicant must complete a minimum of 16 hours of
prelicensure education from an approved provider
before taking the state examination.
D. An applicant must complete a minimum of 20 hours of
prelicensure education, which can be completed concurrently with
the state exam.
Correct Answer: C. Rationale: Florida Statutes and the
Department of Business and Professional Regulation (DBPR)
require candidates to complete 16 hours of approved prelicensure
education before sitting for the CAM exam.
2. A community association manager is reviewing the licensing
exceptions under Florida law. Which individual is legally required
to hold an active Florida CAM license?
A. A person who performs clerical, ministerial, or administrative
duties under the direct supervision of a licensed manager.
B. A person who manages a single homeowner association
containing 40 parcels with an annual budget of $80,000.
C. A person who manages a residential condominium
consisting of 75 units and receives remuneration for
handling association funds.
D. A board member who manages their own multi-family
community association entirely on a volunteer basis without
compensation.
Correct Answer: C. Rationale: A CAM license is required
for any person who receives compensation for managing an
, association that contains more than 10 units or has an annual
budget in excess of $100,000.
3. Under Florida law, the Regulatory Council of Community
Association Managers holds specific statutory authority. What is a
primary function delegated to this council?
A. Adopting administrative rules regarding license fees,
continuing education requirements, and professional
practice standards.
B. Investigating and prosecuting felony criminal violations
committed by community association board directors.
C. Directly issuing or denying real estate sales associate and broker
licenses across the state of Florida.
D. Setting the exact annual tax rates for commercial property
structures managed within homeowners associations.
Correct Answer: A. Rationale: The Regulatory Council of
Community Association Managers under the DBPR has
rulemaking authority over CAM professional practices, licensing
fees, and continuing education criteria.
4. A community association manager is preparing to renew their
license. What are the continuing education (CE) requirements that
must be completed during each biennial renewal period?
A. 16 hours of continuing education, including 4 hours of insurance
courses and 12 hours of general business electives.
B. 15 hours of continuing education, including specified
hours in legal updates, insurance, financial management,
and ethics.
C. 20 hours of continuing education, focused exclusively on human
resources, labor laws, and advanced property maintenance.
D. 10 hours of continuing education, which must be completed
entirely through in-person classroom seminars.
Correct Answer: B. Rationale: Florida administrative
rules dictate that CAMs must complete 15 hours of approved
continuing education courses within each two-year renewal cycle
to maintain an active license.
5. What is the statutory deadline for a licensed Florida community
association manager to report a change of their physical address to
the DBPR?
A. Within 30 days after the change of name or business
, address occurs.
B. Within 10 business days after moving to a new residential or
business location.
C. At the time of the biennial license renewal application process
only.
D. Within 60 days following the signing of a new lease agreement
or property deed.
Correct Answer: A. Rationale: Florida administrative
regulations require licensees to notify the DBPR in writing within
30 days of any change to their mailing or physical business
address.
6. In a Florida condominium association, which body holds the
primary legal authority to adopt the annual operating budget
under standard circumstances?
A. A majority vote of the entire membership present at a special
association meeting.
B. The board of administration at a properly noticed
meeting open to all unit owners.
C. The executive committee of the developer prior to transition of
control.
D. The designated community association manager acting as the
chief financial officer.
Correct Answer: B. Rationale: In Florida condominiums,
the board of administration is generally empowered by statute
and corporate documents to adopt the annual budget at a specific,
open meeting.
7. A condominium association must provide proper notice to its
members prior to a board meeting where the annual budget will be
considered. What is the minimum notice requirement under
Chapter 718, Florida Statutes?
A. 48 hours notice posted conspicuously on the property and
mailed to each owner.
B. 7 days notice posted on the property and broadcast on the
association television channel.
C. 14 days notice posted conspicuously on the property
and mailed, delivered, or electronically transmitted to
each unit owner.
D. 30 days notice published in a newspaper of general circulation
within the county.
, Correct Answer: C. Rationale: Florida Statute 718.112
requires a 14-day written notice to unit owners and conspicuous
posting on the property for any meeting where an annual budget
or assessment will be considered.
8. Which financial record is considered an official record of a Florida
homeowners association and must be maintained for at least 7
years?
A. Internal unposted handwritten sticky notes created by the
management staff.
B. A copy of all receipts and expenditures, along with a
monthly financial statement for the association.
C. The personal tax returns of individual unit owners who do not
serve on the board.
D. Informal cost estimates provided by contractors who did not
win the bidding process.
Correct Answer: B. Rationale: Florida Statutes require
community associations to maintain detailed, serialized financial
records, including receipts and expenditures, for a minimum of 7
years.
9. A member of a Florida condominium association submits a written
request to inspect the official records of the association via certified
mail. Within how many business days must the association make
the records available to avoid statutory damages?
A. Within 5 business days from the receipt of the certified letter.
B. Within 10 business days from the receipt of the written
request.
C. Within 14 calendar days from the postmark date on the
envelope.
D. Within 30 business days following the next scheduled board
meeting.
Correct Answer: B. Rationale: Under Chapter 718, failure
to provide access to official records within 10 business days
creates a rebuttable presumption that the association willfully
failed to comply, exposing it to statutory damages.
10. A community association manager notes that the association
needs to raise funds for an unbudgeted, urgent roof repair. What
type of financial mechanism should the board implement?
A. Increase the interest rate charged on standard past-due fines.
